Caroline Hyde

Or Bloomberg's Ian King is going to come on next and tell us that Texas Instruments is a leading indicator for the health of the economy?

Or ASML and EUV demand is a leading indicator?

Which data set is most critically important to you right now, Pierre?

I'm just trying to answer the question, is this going to last?

Pierre Ferragou from New Street Research.

Thank you very much.

I alluded to it just then.

Shares of Texas Instruments soaring after the company gave a surprisingly robust forecast for the first quarter, signaling that customers have worked through inventory and are returning for chips, analog chips.

Multiple analysts are raising price targets, calling the outlook encouraging.

Bloomberg's Ian King is here.

Analog chips, simple translation of a touch of a button into a signal, but

We always write in our story, in our summary of earnings, this is like the bellwether, the crystal ball for the economy.

What do we learn through their earnings proof?

How much are they able to harness any of the AI vibes rather than autos, industrials, the bellwether part?

We're really focused right now on how global these companies are, like currency impacts, like China, what's going on with China.

Is there anything kind of extra that Texas Instruments can tell us about different geographies, other industries, like industrial good?

Is there anything that's pretty bad?

Ian King, as always, breaking it down.

And you mentioned memory.

We're going to go there.